February 2, 2015

  • Gold 4 chart shows price trying to move back into the descending triangle pattern.
  • Daily chart shows Bulls trying to protect 200 Day SMA
  • Weekly chart shows weakness at 100 Week SMA. More strength for gold only if price is able to move back above 100 Week SMA



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My Favourite Quote

"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis."
—Jesse Livermore